I would agree and that is why if for no other reason, and their are good other reason ie profit, this stock will make the old college try and go up.Then it will be decision time.
The question is: does the MM care? And about the holders of warrants, they aren't worth anything (and they didn't cost anything for as far as I know) until the pps is above the warrant price. They are just an extra received witch shares they also bought at a lower price mostly. They just make it possible to buy shares at a lower price without too much risk when they sell them quick.
I hope you are right, but it wouldn't be the first time the MM did something that scared of the longs.
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